Australia markets closed
  • ALL ORDS

    7,078.90
    -28.20 (-0.40%)
     
  • ASX 200

    6,800.40
    -23.30 (-0.34%)
     
  • AUD/USD

    0.7717
    -0.0050 (-0.65%)
     
  • OIL

    51.98
    -1.15 (-2.16%)
     
  • GOLD

    1,855.50
    -10.40 (-0.56%)
     
  • BTC-AUD

    41,655.60
    -667.18 (-1.58%)
     
  • CMC Crypto 200

    651.44
    +41.45 (+6.79%)
     
  • AUD/EUR

    0.6336
    -0.0044 (-0.69%)
     
  • AUD/NZD

    1.0737
    -0.0017 (-0.16%)
     
  • NZX 50

    13,333.43
    +221.24 (+1.69%)
     
  • NASDAQ

    13,366.40
    -38.59 (-0.29%)
     
  • FTSE

    6,695.07
    -20.35 (-0.30%)
     
  • Dow Jones

    30,996.98
    -179.03 (-0.57%)
     
  • DAX

    13,873.97
    -32.70 (-0.24%)
     
  • Hang Seng

    29,447.85
    -479.91 (-1.60%)
     
  • NIKKEI 225

    28,631.45
    -125.41 (-0.44%)
     

Betmakers Technology Group Ltd (BET.AX) Sportech Acquisition Update

·1-min read
Betmakers Technology Group Ltd
Betmakers Technology Group Ltd

Betmakers Technology Group Ltd (BET.AX) Sportech Acquisition Update

Sydney, Australia, Dec 18, 2020 - (ABN Newswire) - The Board of BetMakers Technology Group Limited (ASX:BET) (HAM:T07) is pleased to update the market on its proposed Acquisition of Sportech PLC's Racing and Digital assets ("the Tote and Digital Business"), which was announced to the market on 1 December 2020, and notes that the subsequent bid by a third party (Standard General) to purchase the entire Sportech PLC company has failed to materialise.

Highlights

- Sportech Board announces it has terminated talks with Standard General

- Sportech Board reiterates its recommendation to shareholders for sale to BetMakers

- Sportech shareholder vote set for 24 December 2020

The Board of Sportech PLC announced to the London Stock Exchange on 17 December 2020 that it had terminated talks with Standard General and further reiterated its recommendation that Sportech shareholders vote in favour of the resolution to approve the disposal of the Tote and Digital Business to BetMakers at a meeting on 24 December 2020.

About Betmakers Technology Group Ltd:


Betmakers Technology Group Ltd (ASX:BET)(FRA:T07) is an ASX-listed holding company and a global provider of online wagering products and services to both wholesale and retail markets through its various wholly owned subsidiaries. The Company operates a retail wagering business, offering consumers wagering, fantasy tournament and content products and services.

Contact:

Charly Duffy
Company Secretary
E: companysecretary@thebetmakers.com
M: + 61-409-083-780

Jane Morgan
Investor and Media Relations
E: investors@thebetmakers.com
M: +61-405-555-618

Source:
Betmakers Technology Group Ltd

Copyright (C) 2020 ABN Newswire. All rights reserved.